Meta buys AI social network Moltbook
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Stanley Druckenmiller, a former hedge fund manager with an incredible track record, sold Meta Platforms and bought Amazon in the fourth quarter.
Meta Platforms (META) is preparing to cut metaverse investments by up to 30% in 2026 after Reality Labs lost $60B since 2020. Meta froze AI division hiring in August amid restructuring despite spending projected to hit $72B in 2025. Shares rose nearly 4% ...